Business, 15.11.2019 02:31 caromaybelline71

Dunlap company sublet a portion of its warehouse for 5 years at an annual rental of

$15,000, beginning on march 1. the tenant paid 1 year's rent in advance, which dunlap recorded as a credit to unearned rental income. dunlap reports on a calendar-year basis. the adjustment on december 31 of the first year should be

a. no entry.

b. rental income $2,500

unearned rental income $2,500

c. unearned rental income $2,500

rental income $2,500

d. unearned rental income $12,500

rental income $12,500

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Dunlap company sublet a portion of its warehouse for 5 years at an annual rental of

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